AppsVillage: Launches microfinance in U.S. after 950 loan applications
- AppsVillage (APV), has launched its microfinance offering in the U.S after receiving over 950 applications
- It also will giving microloans valued between US$5000 and $50,000 to its existing small-to-medium business (SMBs) network
- Part of the offering also will include a credit risk analysis technology called Credit Risk Community
- This tech helps to avoid credit failure and drive high revenue
- Then the official launch comes after the completion of an eight-week pilot phase with Seek Capital and Fundomate
- AppsVillage is up a healthy 16.3 per cent and shares are trading for 25 cents each
